6533b834fe1ef96bd129cc5b
RESEARCH PRODUCT
Blockchain for power systems:Current trends and future applications
Juan C. VasquezGaetano ZizzoRossano MuscaPierluigi GalloGiuseppe SciumèElenora Riva SanseverinoMaria Luisa Di SilvestreJosep M. Guerrerosubject
CryptocurrencyBlockchainSupply chain managementDecentralized controlEnergy blockchainRenewable Energy Sustainability and the EnvironmentSettore ING-INF/03 - Telecomunicazioni020209 energy02 engineering and technologyReviewPeer-to-peercomputer.software_genreDecentralised systemSettore ING-IND/33 - Sistemi Elettrici Per L'EnergiaElectric power systemAggregationEnergy marketPeer-to-peer0202 electrical engineering electronic engineering information engineeringDecentralized managementEnergy marketBusinesscomputerSupply chain managementIndustrial organizationdescription
Abstract Today, the blockchain is synonymous of technological innovation, being recognized among the 10 top strategy technologies in 2018 by the consulting company Gartner, it is more and more adopted in different sectors. However, the initial enthusiasm around this technology is going beyond the peak of inflated expectations, towards more stable applications in money transactions, cryptocurrencies and Digital Commodity Exchanges. Essentially, misguided efforts, the overuse of blockchain, and the Bitcoin's price drop have been the main reasons for this decay in expectations. Nevertheless, the exploitation of the blockchain technology in the power systems area appears largely underexplored, furthermore, the relation to the physical asset makes the blockchain application more complex but also more reliable and related to measurable benefits. The most common applications in the power systems area relate to the energy market. When the blockchain technology is indeed applied to the energy field, the term energy blockchain is used. This article aims to propose a wide perspective about the application of the blockchain technology in the power systems area, clarifying some technical aspects concerning this promising technology, the features and applications developed so far, while focusing on the future of innovative applications in the electrical energy sector.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2020-03-01 |